The US trade deficit went down. It is half of what it was in the disastrous year of 2007 when it was nearly $900 billion. Still, it is far, far greater than it was in 1999. And is going to grow again as the US prints more and more money. Time to talk again about ‘red ink‘, that mysterious substance that will lead inevitably to this other mystery called, ‘bankruptcy’. Seems many US economic eggheads and of course, the Federal Reservists, cannot understand the nature of ‘red ink‘ so I will try to explain this mystery yet again. Keep reading →
According to His Royal #1 Divorced Prince, Charles, we have until 2017 to survive. This is 5 years longer than all the people who think the world will come to an end in 2012. Will California sink into the Pacific before then? Will pop stars rise from their graves and wander the landscape, singing, ‘I’m Bad And You Know It’? Will the Queen of England finally die of old age? Pressing issues! And this will screw up the Chinese 50 Year Plan, to boot! 
The chief stimulus efforts in America are directly aimed at the car culture we have here: repaving existing roads mostly in the countryside and subsidizing the selling of new cars. These wasteful programs paper over the very real economic problems of America: our auto industries are rapidly being supplanted by foreign owners and a very significant part of our trade deficit is energy/oil imports. Instead of fixing the fundamental problems that led to the US economic collapse, we are strengthening these very same forces. Foreign automakers didn’t have to have US unions, for example, so they are benefitting the most from the new car subsidies. 
This last two weeks, we have had more rain than in the previous three months. One storm after another, lots of lightning. High winds, hail, water falling like a water fall. In the last 24 hours, I took a series of photos of these storms as they roared past. The final storm was a fine mist which gave us a wonderful rainbow. 
Backwardization is what depressions are all about. We see this increasing, not decreasing. In gold markets, in stocks, in interest rates offered by banks for holding funds, auto and wine sales: all are moving in negative numbers. Earnings are collapsing BELOW the Great Depression I’s levels! Also, England is thinking of putting health warnings on financial products. HAHAHA. ’Danger: Goldman Sachs gnomes infestation!’ is one possible sign we should see in Jersey City where their tower rises over all buildings there! 
The US has this off and on love affair with our space program. Well, it is being strangled due to lack of funds. While we fund lots and lots of wars. Obama warns Russia to NOT INVADE OTHER COUNTRIES which has to go down in history alongside Hitler talking about peace with Chamberlain. On the heels of being all indignant about Iran comes news that China is suppressing race riots. As if we never do this. Time to remember who is doing what to whom when it comes to racist wars. Like in Israel. 
